December 10, 2024
A 21-story mixed-use tower in Harlem that will soon house the historic National Black Theatre (NBT) and over 200 apartments opened an affordable housing lottery last week. On the corner of 125th Street and 5th Avenue, the new development, Ray Harlem, will include 27,000 square feet for NBT, the city's longest-running Black theater founded in the neighborhood in 1968, 222 residences, and commercial space. About a quarter of the apartments are designated affordable. New Yorkers earning 40, 60, and 130 percent of the area median income can apply for the units, priced from $834/month for studios to $3,643/month for two bedrooms.
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